Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    1667 Sherwood Road, Dahinda, IL 61428

    View on Map
    Claim this Listing
    For Sale
    $7,499,000

    Land available for purchase.

    Type:Land
    Added:
    Mar 29, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 31 at 12:24 am

    Property Features for 1667 Sherwood Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Matthew Ohlsen

    Listing agent Matthew Ohlsen

    Listing office Jameson Sotheby's Intl Realty

    Listing date Mar 29, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jameson Sotheby's Intl Realty

    HighLights

    • Water View
    • Located in Knox County
    • Located 4 miles North of Dahinda on Knox Hwy 15
    • Located West on Sherwood Camp Rd
    • On Knox Hwy 15
    • On Sherwood Camp Rd

    Overview

    The property is located 4 miles north of Dahinda on Knox Highway 15, then west on Sherwood Camp Road. The property is located in Knox County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dahinda
    County
    Knox
    State
    Illinois
    Longitude
    -90.1316276
    Latitude
    40.9785663

    Nearby Similar for Sale

    • $7,499,000

      Luxury Resort on Scenic Lakes

      213-acre resort with timber-frame cabins and income potential.
      1667 Sherwood Road, Dahinda, IL 61428
      View Details
    • $125,000

      Residential Land in Dahinda, IL

      Residential land for sale in Dahinda, Illinois.
      293 RED OAK Court, Dahinda, IL 61428
      View Details
    • $8,200

      Residential Land Near Golf Course

      Residential lot near golf course with community amenities.
      4008 OAK RUN Drive, Dahinda, IL 61428
      View Details
    • $4,500

      Residential Lot in Oak Run

      Wooded lot with access to Spoon Lake amenities.
      234 GREENLEAF Court, Dahinda, IL 61428
      View Details
    • $4,000

      Residential Land in Dahinda, IL

      Wooded lot near Lakeview Beach, Course & Club House.
      2161 LAKEVIEW Road North, Dahinda, IL 61428
      View Details
    • $3,800

      Residential Land in Dahinda, IL

      Wooded lot with access to amenities and utilities.
      7056 OAK RUN Drive, Dahinda, IL 61428
      View Details
    • $4,500

      Wooded Lot with Building Potential

      Residential land with access to Spoon Lake and Oak Run amenities.
      337 VALLEY VIEW Circle, Dahinda, IL 61428
      View Details
    • $4,500

      Residential Land in Oak Run

      Residential lot with access to Oak Run amenities.
      8176 OAK RUN Drive, Dahinda, IL 61428
      View Details
    • $6,995,000

      Luxury Resort on 170 Acres

      Exclusive resort with timberframe cabins, lakes, and expansion potential.
      1667 SHERWOOD Road #11424, Dahinda, IL 61428
      View Details
    • $5,000

      Residential Lot Near Spoon Lake

      Residential lot with utilities access near Lakeview Beach.
      1425 LAKEVIEW Road South, Dahinda, IL 61428
      View Details
    • $4,000

      Wooded Lot Near Spoon Lake

      Wooded lot near Lakeview Beach and Spoon Lake.
      2161 Lakeview Road North, Unit NORTH, Dahinda, IL 61428
      View Details
    • $5,000

      Residential Land in Dahinda, IL

      Residential land suitable for building a dream home.
      83 PARKSIDE Court, Dahinda, IL 61428
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase.
    Where is this land located?
    The property is located at 1667 Sherwood Road Dahinda, IL.
    What is the asking price?
    The asking price for this property is $7,499,000.
    What are key features of this property?
    This property features: Water View; Located in Knox County; Located 4 miles North of Dahinda on Knox Hwy 15
    (708) 309-3985
    We can help!
    Listing Contact
    Matthew Ohlsen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1667 Sherwood Road, Dahinda, IL 61428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!